Dollar starts week on back foot ahead of data, earnings – ZAWYA

Dollar starts week on back foot ahead of data, earnings – ZAWYA

Dollar starts week on back foot ahead of data, earnings | ZAWYA MENA Edition HomeMarketsCurrenciesArticleDollar starts week on back foot ahead of data, earnings The greenback ended its third week of losses on Friday as investors bought into risk-sensitive currencies    U.S. dollar banknotes are pictured at a currency exchange office in Diyarbakir, Turkey, November 17, 2017. Image for illustrative purposes.TOKYO: The U.S. dollar started the week with a soft tone on Monday as investors looked to looming economic data from around the world and U.S. corporate earnings to gauge whether the markets' guarded optimism on the economic outlook is justified.The greenback ended its third week of losses on Friday as investors bought into risk-sensitive currencies on bets that the worst of the pandemic's sweeping impact was over.The dollar index against a basket of currencies stood at 96.586, down slightly after having lost about 0.5% last week.The greenback ended its third week of losses on Friday as investors bought into risk-sensitive currencies on bets that the worst of the pandemic's sweeping impact was over.TOKYO: The U.S. dollar started the week with a soft tone on Monday as investors looked to looming economic data from around the world and U.S. corporate